Need an appraisal for an FHA-backed mortgage? Call Gattozzi AppraisalsThe FHA keeps a roster of approved appraisers for each state - Gattozzi Appraisals is on the roster of approved appraisers for AL. We're qualified and approved to do appraisal reports for FHA insured financial transactions. Part of the continuing training our staff at Gattozzi Appraisals receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Gattozzi Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those buyers with less accumulated starting capital. |